CONFLUX NETWORK - CFX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CFXUSDT
ISIN:

CONFLUX NETWORK - CFX/USDT - Daily - Technical analysis published on 04/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 0.299978 USDT

My targets

0.234509 USDT (-7.14%)

0.199478 USDT (-21.01%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CONFLUX NETWORK - CFX/USDT as long as the price remains well below 0.299978 USDT. The sellers' bearish objective is set at 0.234509 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.199478 USDT. In case of crossing, the next objective would be the support located at 0.142725 USDT.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CONFLUX NETWORK - CFX/USDT rating 0.252536 USDT. The price has increased by +0.13% since the last closing and was traded between 0.251566 USDT and 0.253907 USDT over the period. The price is currently at +0.39% from its lowest and -0.54% from its highest.

0.251566

0.253907

0.252536

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on CONFLUX NETWORK - CFX/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this CONFLUX NETWORK - CFX/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.142725	0.199478	0.234509	0.252536	0.373237	0.431810	0.516365
Change (%)	-43.48%	-21.01%	-7.14%	-	+47.80%	+70.99%	+104.47%
Change	-0.109811	-0.053058	-0.018027	-	+0.120701	+0.179274	+0.263829
Level	Minor	Major	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.232933	0.239388	0.245795	0.252250	0.258657	0.265112	0.271519
Camarilla	0.248665	0.249844	0.251023	0.252202	0.253381	0.254560	0.255739
Woodie	0.232909	0.239376	0.245771	0.252238	0.258633	0.265100	0.271495
Fibonacci	0.239388	0.244301	0.247337	0.252250	0.257163	0.260199	0.265112

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.143663	0.175340	0.216541	0.248218	0.289419	0.321096	0.362297
Camarilla	0.237701	0.244381	0.251062	0.257742	0.264423	0.271103	0.277784
Woodie	0.148425	0.177721	0.221303	0.250599	0.294181	0.323477	0.367059
Fibonacci	0.175340	0.203179	0.220379	0.248218	0.276057	0.293257	0.321096

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005548	0.130588	0.299978	0.425018	0.594408	0.719448	0.888838
Camarilla	0.388400	0.415389	0.442379	0.469368	0.496357	0.523347	0.550336
Woodie	0.027723	0.141676	0.322153	0.436106	0.616583	0.730536	0.911013
Fibonacci	0.130588	0.243060	0.312546	0.425018	0.537490	0.606976	0.719448

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.25
MACD (12,26,9):	-0.0371
Directional Movement:	-16.453622
AROON (14):	-28.571429
DEMA (21):	0.239152
Parabolic SAR (0,02-0,02-0,2):	0.195118
Elder Ray (13):	-0.013338
Super Trend (3,10):	0.339918
Zig ZAG (10):	0.252504
VORTEX (21):	0.8442
Stochastique (14,3,5):	32.81
TEMA (21):	0.211749
Williams %R (14):	-63.28
Chande Momentum Oscillator (20):	-0.098600
Repulse (5,40,3):	3.2173
ROCnROLL:	2
TRIX (15,9):	-1.5674
Courbe Coppock:	57.96

MA7:	0.243266
MA20:	0.288254
MA50:	0.357539
MA100:	0.291620
MAexp7:	0.250701
MAexp20:	0.286173
MAexp50:	0.315557
MAexp100:	0.294509
Price / MA7:	+3.81%
Price / MA20:	-12.39%
Price / MA50:	-29.37%
Price / MA100:	-13.40%
Price / MAexp7:	+0.73%
Price / MAexp20:	-11.75%
Price / MAexp50:	-19.97%
Price / MAexp100:	-14.25%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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